Select whether each item would appear on the statement of cash flows as :
-Cash purchase of equipment.
A)(O) operating activity
B)(I) investing activity
C)(F) financing activity

Question

Quizplus · Accepted Answer

The cash purchase of equipment is classified as an investing activity on the statement of cash flows because it involves the acquisition of long-term assets that are expected to generate future economic benefits.

Select Whether Each Item Would Appear on the Statement of Cash